CCXI - in 5.06 out 4.5801
WINS/LOSSES: 0/3
Profit (adjusted for trade commissions): (-)$205.19
To quick to jump in. I assumed it would spike based on pre-market action and positive company news.
Maybe the wrong indicators, maybe not good enough indicators? Still too quick to pull the trigger. Started to drop almost as soon as I got in. Also, I had to change the sell order a few times to reflect the rapid change in price.
I should've evaluated the volume and watched the price action a little better. Also, I think I'm still trading too emotionally. Although this time was a lot less than the last two trades.
I've got more studying to do.
Had the right idea, as $5 was a clear breakout level. I too got in with small size at 5.04. However the volume wasn't enough to keep pushing this up. I got out pretty quick when it couldn't hold the pull back to 4.90's. Would have been a good short, but I was scared it was going to ramp back up later in the day. Always trade based on price action. I am finally learning to trade by what the chart gives me and cut out all the emotional distraction. Either way, as long as we learn from our mistakes
I totally feel you man, i was the same with MTG the day before the crash, i got in and it paniced before hitting new highs that day, for my i learned to watch it for a second longer than i normally would and trying to be more deliberate
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